Provident New York Bancorp (PBNY) Updates Stock Buyback Plan
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Provident New York Bancorp (NASDAQ: PBNY) announced remaining authorization for stock repurchases under its Board approval is 872,150 shares. George Strayton commented, "as economic conditions continue to show promising signs of improvement and the Company's capital and reserve provide a buffer for potential credit losses, we expect to be opportunistic regarding our stock repurchase program."
Repurchases for the quarter through May 29th totaled 280,450 shares.
Provident New York Bancorp (Provident Bancorp) is a unitary savings and loan holding company that wholly owns the Provident Bank (the Bank). Provident Bank is a full-service community bank. [SM]
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